Facing repossession, don’t go it alone!! For many homeowners, the threat of repossession is a dire reality that comes with significant emotional and financial turmoil. In the UK, where property ownership is often seen as a major life milestone, the prospect of losing one’s home can be particularly distressing. However, facing this situation alone can […]
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What is the National Personal Insolvency Index? The National Personal Insolvency Index (NPII) is a comprehensive record of personal insolvency filings in the United Kingdom. Managed by the Insolvency Service, an executive agency sponsored by the Department for Business, Energy and Industrial Strategy, the NPII serves as a crucial tool for financial institutions, creditors, and
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Worried About Repossession? Educating yourself about what options are best for you, could be the best way to help find a solution to your problem. These options may help you think straighter, see clearer and perhaps sign post you to the exact help you need. Educate yourself and start today by downloading our Repossession Help
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Mental well-being, is this one of the hidden costs of debt? Financial distress can pose a serious risk to mental health. The psychological impact of debt can be extreme and noticeable, affecting various parts of your life and well-being. For many, the continuous worry about paying off debt creates chronic stress and anxiety. This can
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A guide to financial wellbeing and managing your money. Financial literacy is today more important than ever before. Managing money wisely is not just about saving, it’s about making informed choices that lead to financial security and a stress free life. Whether you’re planning for retirement, saving for a big purchase, or simply aiming to
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What role does your mortgage lender play at a repossession hearing? As the last resort for lenders to recover outstanding debts, repossession proceedings are subject to strict legal protocols, with lenders playing a pivotal role. When a homeowner falls behind on their mortgage payments, lenders are required to follow the Pre-Action Protocol for Mortgage Arrears,
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Is there any value in a personal financial statement? In today’s unstable financial environment, managing your personal finances is (in my opinion) more important than ever. In the landscape of credit scores, budget apps and endless financial advice, you might wonder if there is any real value in having one! A personal financial statement is
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Have you heard of the Government’s Breathing Space Scheme? In May 2021, the UK Government introduced a scheme that basically gives you a break from the anxiety and stress of being in debt. Officially termed as the “Debt Respite Scheme,” the program provides a temporary shield against creditors and legal action, granting individuals the opportunity
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What exactly is the home repossession process? The first step is when missed payments start occurring and this is where the lender will fire an “early warning” so to speak, in the form of a letter reminding you of your agreed obligations and that you need to get back on track with payments. If payments
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Do homeowners ask for help when facing repossession? Last year, the UK government launched a new service providing free legal advice aimed at helping around 38,000 people annually who are at risk of losing their homes. This program is part of a broader effort to prevent homelessness and improve conditions for homeowners. Additionally, UK Finance
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